Newco cannon fodder plans

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While I was busy telling one of my first bosses how much money we were going to make in a year or two, he made a comment which has remained with me since, “If you don’t make some sales next month, we’ll not be around to find out if you’re right.”

Plans for 2022 don’t mean a fart to a company which is haemorrhaging cash, billionaire funders, nomads and auditors, all the consequence of a two year war of attrition as newco Rangers tried to fight off an insurrection.

There are literally thousands of metrics you can use to compare the prospects of football clubs but let me draw your eye to a couple, which will give you real insight into the future.

Last season Celtic had 475 “full time equivalents” in employment, 318 people in non-football roles and a further 157 in football operations (players, coaches etc.).  If the average pay of those 318 non-football full-time staff was £25k (I doubt it’s this low), their combined wage bill would be just below £8m.  Celtic’s total annual wage bill was £37.766m, total operating expenses were £59.885m.

If you want to win the Scottish Premiership, this is what you’re competing against.

Newco Rangers announced operating expenses (before amortisation) of £15.684m for the six months to 31 December, which included £6.7m wages, covering both football and non-football staff.  If the figures for the second half of the year are consistent with the first that would give them around £31m income and a £13.4m spend wages.  Income is around half Celtic’s expenses and wages a fraction of Celtic’s

What newco need is tens of millions of pounds of investor cash, the £50m Dave King spoke about ‘when in opposition’ is not an overestimate.

Anything they say before “Here is the £50m investment we need” is there to take attention away from the fact that they haven’t said “Here is the £50m investment we need”.  When they say that, they’re in the game, until then, they’re cannon fodder.  When they stop talking about the £50m needed, they know it’s not coming.

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  1. prestonpans bhoys on

    Reading some of the accounts about Danny Wilson over the past few days, he must have improved a hell of a lot since I saw him play for the deid ones against us!

  2. A few folk on Twitter are saying we will sign Martin Odegaard on season long loan from Real Madrid

  3. Delaneys Dunky on

    Burghbhoy

     

     

    Ronny Deila had him at Stromgodset for 5 years I read recently. I heard the same rumour on Sunday.

  4. DD,

     

     

    I had to giggle to confirm he did indeed play for Ireland.

     

     

    He’s far too content with Engerland winning, though I haven’t heard we or us yet!

     

     

    P

  5. thetimreaper

     

     

    If you’re needing a ticket for Inverness let me know I might be able to help.

     

     

    Caeser1967

     

     

    Glad you got sorted mate. Telt ye :-)

  6. thomthethim for Oscar OK on

    BT,

     

     

    I think it is more than me who needs to insure their keyboard! : > )

  7. Geordie Munro on

    I’ve been flicking between the tennis and the game in Jerusalem so not been exactly glued to either but that was as good a game as I’ve seen Biton play.

     

     

    Really growing on me

     

     

    HH

  8. Well Nir played the full ninety minutes so he is obviously OK from injury point of view. Hopefully tonight won’t leave him jaded for Friday night.

  9. johann murdoch on

    I’m not too bothered about LH moving to Rosenberg as we also have Zeng Zhi returning soon ….

     

     

     

    Wait a minute ….

  10. FAVOURITE UNCLE on

    BGX

     

     

     

     

    21:30 on

     

     

    31 March, 2015

     

     

     

     

    Auldheid…..if we have signed danny wilson i will be underwhelmed in the extreme….Hearts class…leave him there….

     

     

     

    there you go again b boy expert on central defenders now.AULDHEID was in my class at the MUNGOS so don’t mess with him CALTON TONGS will always do the PEG.

  11. prestonpans bhoys on

    Geordie Munro,

     

     

    Unless my memory is fading , yip his number was 66 and I thought how big is their squad.

  12. i reported this before, my norway office contact told me during transfer window that martin will be at celtic.

     

     

    the route may be convaluted, but the viking bhoy , will be a celt.

  13. DD

     

     

    That’s right mate.

     

    Maybe folk are adding 2 & 2 and making 10 but from what I’ve seen of that boy he will be a major star .

     

     

    Think he’s on 60k at RM per week

  14. Burghbhoy

     

    I know he is the wunderkind but is only 16. Would need nurtured and used very sparingly

  15. ps.

     

     

    Martin is nearly as good as Jack.

     

     

    we should go get that bhoy as well,

  16. Careful With That Tax, Moonbeams on

    Wish someone would tell, Hoddle, Rooney and chums, it was only a friendly!! :)

  17. Geordie Munro on

    Prestonpans,

     

     

    It’s obviously my memory that’s fading. I can’t remember him playing v us :))

     

     

    HH

  18. Fav Uncle….ma bhoys at the Mungo right now..while you….well….your a tax exile in YORK….jeez ….

  19. BGX

     

    ;))

     

    Re

     

    Danny Wilson has a bit of pace and likes to play the ball on the deck , our coaching staff like that , also he is a better header of the ball than Efe !

     

    Not saying he would take Efe’s place though .

  20. Norman Whiteside had 200 senior appearances before his 21st birthday. By the time he retired through injury 5 years later he had only managed another 105.

     

    Young players like Liam Jason and Odegaard need to be looked after….I worry that teams who accept loanees are less likely to worry about the players long term career and may play them out.

  21. ....PFayr supports WeeOscar on

    Johan

     

     

    Plenty of room when we get shot of the crap loan signings

  22. squire danaher on

    the onlooker

     

     

    21:45 on 31 March, 2015

     

     

    Odegaard may just have turned 16 but he has played Norway’s last 3-4 internationals including starting at Croatia on Saturday.

     

     

    He made his full international debut before his 16th birthday

  23. ....PFayr supports WeeOscar on

    DD

     

     

    Loaning out a 17 year old to a team in a league were the opposition can boot them up and down the park with impunity ……

  24. FAVOURITE UNCLE on

    BGX

     

     

    does he know the school chant??

     

     

    school school jolly old school

     

    MUNGO MUNGO RA RA RA.

     

     

    meanwhile in a dingy betting shop…………sunday might just be more than EASTER.

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